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Trade Gains, Paretian Transfer and the Tragedy of the Commons


  • Hung, N-M
  • Richelle, Y


Recently, the issue of worldwide environmental quality has been discussed in the context of trade liberalization on a global scale. Two diametrically opposite tenets have been recorded. According to one tenet - the cons-increasing opportunities for profitable exchange created by trade liberalization would enhance the production of goods, hence increase the "pollution", its environmental by product. According to the other tenet, however, free or "freer" trade does not necessary have detrimental effects on the environment.

Suggested Citation

  • Hung, N-M & Richelle, Y, 1996. "Trade Gains, Paretian Transfer and the Tragedy of the Commons," Papers 9625, Laval - Recherche en Energie.
  • Handle: RePEc:fth:lavaen:9625

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    References listed on IDEAS

    1. Christopher Ferrall & Bruce S. Shearer, 1994. "Incentives, Team Production, Transaction Costs and the Optimal Contract: Estimates of an Agency Model using Payroll Records," CIRANO Working Papers 94s-12, CIRANO.
    2. Lazear, Edward P, 1986. "Salaries and Piece Rates," The Journal of Business, University of Chicago Press, vol. 59(3), pages 405-431, July.
    3. Edward P. Lazear, 2000. "Performance Pay and Productivity," American Economic Review, American Economic Association, vol. 90(5), pages 1346-1361, December.
    4. Jones, Derek C & Kato, Takao, 1995. "The Productivity Effects of Employee Stock-Ownership Plans and Bonuses: Evidence from Japanese Panel Data," American Economic Review, American Economic Association, vol. 85(3), pages 391-414, June.
    5. Grossman, Sanford J & Hart, Oliver D, 1983. "An Analysis of the Principal-Agent Problem," Econometrica, Econometric Society, vol. 51(1), pages 7-45, January.
    6. Holmstrom, Bengt & Milgrom, Paul, 1987. "Aggregation and Linearity in the Provision of Intertemporal Incentives," Econometrica, Econometric Society, vol. 55(2), pages 303-328, March.
    7. Oliver Hart & Bengt Holmstrom, 1986. "The Theory of Contracts," Working papers 418, Massachusetts Institute of Technology (MIT), Department of Economics.
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    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy


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